Automotive Engine Valves Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

The automotive engine valves market share is expected to increase by 66 million units from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 3%.

This automotive engine valves market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive engine valves market segmentations by type (passenger vehicles and commercial vehicles), material (steel, titanium, and others), and geography (APAC, North America, Europe, South America, and MEA). The automotive engine valves market report also offers information on several market vendors, including BorgWarner Inc., Continental AG, DENSO Corp., Eagle Industry Co. Ltd., Eaton Corporation Plc, Hitachi Ltd., MAHLE GmbH, Robert Bosch GmbH, Tenneco Inc., and Valeo SA among others.

What will the Automotive Engine Valves Market Size be During the Forecast Period?

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Automotive Engine Valves Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increasing penetration of advance steel alloys for engine valves is notably driving the automotive engine valves market growth, although factors such as slowdown in automobile manufacturing may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive engine valves industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automotive Engine Valves Market Driver

The increasing penetration of advance steel alloys for engine valves is a major factor driving the global automotive engines valve market share growth. Performance optimizations of engine valves and increasing demand for high-performance vehicles are an indication that advanced steel alloys and nickel alloys will have increasing penetration in the high-performance engine application. However, their prices may not lower than that of the standard steel engine valves. The increasing penetration of advanced steel engine valves will increase the overall revenue of the global automotive engine valves market at a higher rate than usual. This will affect the average selling price of engine valves. Standard vehicle designs are combining high-end features as per cost advantages, which are offered to push the vehicle demands. The optimized high-end feature implementation provides a competitive market advantage for the mass volume vehicle segment. Most OEMs provide optional performance enhancement packages for their standard mass-selling models to increase the vehicle's performance. Due to such reasons, the demand for the market will continue to grow during the forecast period.

Key Automotive Engine Valves Market Trend

The advance camless technology is another factor supporting the global automotive engine valve market share growth. The camshaft is one of the components of the valve train system and is responsible for opening and closing movement. The camshaft is a rotating component and requires many other supporting assemblies for efficient connection with the valves and crank feed. In the camless engine, the valve train unit is compressed into small cylindrical units in a compact packaging that contains actuators electronically controlled as per valve timing.  The engine actuator valve technology is reducing the number of moving components, which takes up a share of the energy produced by the engine. This has a conventional port injection, but no camshaft drive, drive chain, throttle body, or pre-catalytic converter. It can produce 47% higher torque and 46% higher power with the same size engine units; it is cheaper, lighter, and simple in designing and manufacturing. This has been developed for the hypercar brand by Koenigsegg and Freevalve AB in collaboration. Due to such reasons, the demand for the market will continue to grow during the forecast period.

Key Automotive Engine Valves Market Challenge

The slowdown in automobile manufacturing will be a major challenge for the global automotive engine valve market share growth during the forecast period. The adoption of shared mobility solutions is increasing globally. The wide availability of shared mobility service providers, improvement in Internet connectivity, and an increase in the adoption of smartphones are paving the way for the mass adoption of shared mobility solutions. Factors such as the ease of accessing shared mobility solutions, an increase in fuel prices, and the rise in the price of vehicles are driving consumers to prefer vehicle usership over ownership. This has had an adverse impact on the demand for vehicles. High motorization rates in North America and Europe, the increase in tariffs on imported vehicles in the US and China, and the global economic slowdown are likely to reduce vehicle sales in the coming years. Considering the decline in vehicle sales, several vehicle manufacturers are halting vehicle production. For instance, in March 2019, Ford announced the shutdown of its three vehicle manufacturing sites in Russia. Such halts in vehicle production have adversely impacted the demand for associated components such as automotive engine valves.

This automotive engine valves market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global automotive engine valves market as a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive engine valves market during the forecast period.

Who are the Major Automotive Engine Valves Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• BorgWarner Inc.
• Continental AG
• DENSO Corp.
• Eagle Industry Co. Ltd.
• Eaton Corporation Plc
• Hitachi Ltd.
• MAHLE GmbH
• Robert Bosch GmbH
• Tenneco Inc.
• Valeo SA

 

This statistical study of the automotive engine valves market encompasses successful business strategies deployed by the key vendors. The automotive engine valves market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• BorgWarner Inc.- The company offers ELECTRICAL EGR ROTATIONAL VALVE, ELECTRICAL EGR STROKE VALVE, Electrical EGR Flap Valves, Electrical Throttle Flap, and others.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The automotive engine valves market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Automotive Engine Valves Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the automotive engine valves market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global automotive components and accessories market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Automotive Engine Valves Market?

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56% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for the automotive engine valves market in APAC. Market growth in this region will be faster than the growth of the market in all other regions.

High growth volumes for the premium vehicles segment will facilitate the automotive engine valves market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of the COVID-19 pandemic in the region hindered the growth of the regional automotive engine valve market. Several countries, such as China, India, Nepal, Pakistan, South Korea, Malaysia, Sri Lanka, and the Philippines, faced severe pressure to meet the increased demand for healthcare solutions among people, owing to the outbreak of the pandemic. It also had a negative impact on the growth of several industries in the region, as investments in various industries, other than healthcare, drastically declined. Such a scenario is expected to continue throughout the pandemic period. Nevertheless, with industries implementing COVID-19 preventive measures to protect employees working on-site, industrial activities are expected to resume to the pre-COVID-19 levels by the end of 2021. This will help resume manufacturing activities, which will drive the production and sales of automotive engine valves in the region during the forecast period.

What are the Revenue-generating Type Segments in the Automotive Engine Valves Market?

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The automotive engine valves market share growth by the passenger vehicles segment will be significant during the forecast period. The increasing adoption of SUVs by customers is expected to drive the passenger vehicle segment of the global automotive engine valves market.

This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive engine valve market size and actionable market insights on post COVID-19 impact on each segment.

 

Automotive Engine Valves Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 3%
Market growth 2021-2025	66 mn units
Market structure	Fragmented
YoY growth (%)	1.35
Regional analysis	APAC, North America, Europe, South America, and MEA
Performing market contribution	APAC at 56%
Key consumer countries	China, US, Japan, Germany, and Spain
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	BorgWarner Inc., Continental AG, DENSO Corp., Eagle Industry Co. Ltd., Eaton Corporation Plc, Hitachi Ltd., MAHLE GmbH, Robert Bosch GmbH, Tenneco Inc., and Valeo SA
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Automotive Engine Valves Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive automotive engine valves market growth during the next five years
• Precise estimation of the automotive engine valves market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the automotive engine valves industry across APAC, North America, Europe, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of automotive engine valves market vendors

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